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PSO | Flag Pattern🚀 Stock Alert: PSO 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 183-184 🎯 First Target : 192 🎯 Second Target : 205 🎯 Third Target : 218 ⚠ Stop Loss: 173 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.
PSX:PSOLong
by mbaberhanif
PPL | Parallel Channel FormationThe price action is following in a parallel channel. Lower channel range lies around 117.50 from where a possible pull back can be expected. For swing trading setup, long position can be consider on the test of lower parallel channel with the stop loss at 115 and possible target for long term can be expected around 130. On the other hand, the price is making higher highs and higher lows within the channel, so scalping trade can be possible with entry around 120 for the target of 125 and 128. Swing Setup: Entry: 117.50 Target: 130 SL: 115 Scalping Setup: Entry: 120.50 TP1: 125 TP2: 128 SL: 119
PSX:PPLLong
by mbaberhanif
TOMCLThe price has been observed to move within a parallel channel, with recent closings nearing the lower trend line of this channel around 35.06. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region. Consideration may be given to establishing long positions around the 35 mark, accompanied by a stop loss set at 32.50. The primary target for this trade is set at 40.
PSX:TOMCLLong
by mbaberhanif
HCAR (Weekly)Upon analyzing HCAR on a weekly time frame, it is observed that the price has been establishing a pattern of higher highs and higher lows. Additionally, the moving average lines have recently crossed over, suggesting a bullish momentum in the market. Presently, the price has formed a higher low at 274 and retraced subsequent to establishing this support level. A prudent strategy would be to consider placing a stop loss below this support level, approximately around 270, to manage risk in the event of a break. Key resistance levels are identified at 344 (R1), 375 (R2), and 400 (R3). These levels may act as barriers to further upward movement in the price of HCAR.
PSX:HCARLong
by mbaberhanif
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BUXL | An underdog with great long term potential!On the weekly timeframe, the price is hovering above the 200-day EMA line, signifying a robust bullish trend and moving in a cup pattern. Furthermore, the RSI is at the 58 level, indicating potential upside. Upon horizontal analysis, the price was rejected from its resistance level around 111.98 in January 2024, which previously acted as support. Upon breaching this level, the next resistance lies around 140, where selling is expected, and the cycle continues. This idea is based on the long term and applies many factors, such as each time the price faces resistance, selling is expected, and upon breakout, only the next upper side can be expected. On the flip side, if the price breaks below the 200-day EMA, then a bearish sentiment is established. This stock is currently categorized as illiquid, so investors are recommended to perform due diligence fundamentally and technically before entering.
PSX:BUXLLong
by mbaberhanif
PSX:- OBOY FORMING A CONTINUATION PATTERN CUP & HANDLESince the start of 2023 the script has been in consolidation after a long bearish spell. At the end of year it gathered some support to stage a break out but could not sustain the Bears consequently it went in to another strength gaining spell. From the last week of April we are witnessing gradual increase in volume which is also showing in the rise of Average Volumes. Last weak b the bulls tested the previous high of 7.93. Albeit the succeed to cross it yet they could not sustain. Thus making a potential Cup. Now we have to wait and see if it forms a handle or not. If it forms the handle the entry price shall be close above 8 and TP shall be at 10.5. Stop loss has been placed at 6 but this shall be confirmed once the handle has been formed. Due diligence and strict money management is solicited. Have a profitable trading.
PSX:OBOYLong
by usufgul
ATBA Hourly AnalysisScrip has taken a good correction of more than 50.00% and penetrated the Golden Zone. Formation of a Green Candle hopefully signals a move towards the upside and relevant Price levels / zones marked. But as markets aren't predictable 100% and can move in any directions, therefore we should also be prepared for the unforeseen movement and define levels towards the downside as well. Approximate Levels have also been marked towards the downside; in case the scrip move down.
PSX:ATBA
by DawoodKK